menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Financial Accounting Study Set 11
  4. Exam
    Exam 8: Current and Contingent Liabilities
  5. Question
    If the Accounts Payable Turnover Is 5
Solved

If the Accounts Payable Turnover Is 5

Question 15

Question 15

Multiple Choice

If the accounts payable turnover is 5.4,what is the days' payable outstanding? (Round your answer to the nearest day. )


A) 58 days
B) 18 days
C) 68 days
D) 55 days

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: Long-term liabilities are incurred mostly for operating

Q11: Which number is needed in calculating the

Q12: Kathy's Corner Store has total cash sales

Q13: Long-term notes payable are usually used to

Q14: Failure to record an accrued liability for

Q16: Which account would be reported on the

Q17: Michigan Bank lends Detroit Furniture Company $110,000

Q18: All contingent liabilities should be reported as

Q19: Under IFRS,if it is greater than _

Q20: For a service organization,compensation is not generally

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines